Northland Securities Initiates Coverage on A2Z Cust2Mate Solutions (NASDAQ:AZ)

Equities research analysts at Northland Securities started coverage on shares of A2Z Cust2Mate Solutions (NASDAQ:AZ) in a research report issued to clients and investors on Friday. The firm set an “outperform” rating and a $15.00 price target on the stock. Northland Securities’ price target suggests a potential upside of 125.90% from the stock’s previous close.

Several other equities research analysts also recently weighed in on AZ. Benchmark reissued a “buy” rating on shares of A2Z Cust2Mate Solutions in a report on Monday, January 5th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of A2Z Cust2Mate Solutions in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.00.

A2Z Cust2Mate Solutions Stock Down 4.7%

NASDAQ:AZ opened at $6.64 on Friday. The stock’s 50 day moving average price is $6.14 and its 200 day moving average price is $6.64. The company has a market capitalization of $277.88 million, a PE ratio of -5.93 and a beta of 1.43. A2Z Cust2Mate Solutions has a 52-week low of $5.00 and a 52-week high of $12.36.

A2Z Cust2Mate Solutions announced that its Board of Directors has authorized a stock repurchase program on Wednesday, January 7th that allows the company to buyback $20.00 million in shares. This buyback authorization allows the company to buy up to 6.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Institutional Trading of A2Z Cust2Mate Solutions

Several institutional investors and hedge funds have recently added to or reduced their stakes in AZ. Red Door Wealth Management LLC purchased a new stake in A2Z Cust2Mate Solutions during the 4th quarter valued at approximately $91,000. Savant Capital LLC purchased a new position in shares of A2Z Cust2Mate Solutions in the 3rd quarter valued at approximately $125,000. Osaic Holdings Inc. acquired a new position in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $146,000. NewEdge Advisors LLC acquired a new position in shares of A2Z Cust2Mate Solutions in the second quarter valued at approximately $148,000. Finally, Regal Partners Ltd purchased a new stake in shares of A2Z Cust2Mate Solutions during the third quarter worth approximately $153,000. 12.64% of the stock is owned by hedge funds and other institutional investors.

About A2Z Cust2Mate Solutions

A2Z Smart Technologies Corp., a technology company, focuses on the development and commercialization of retail smart cart solutions for grocery stores and supermarkets in Israel and internationally. The company operates through three segments: Precision Metal Parts, Advanced Engineering, and Smart Carts. It offers Cust2Mate system, which incorporates a smart cart that automatically calculates the value of the customers purchases in their smart cart without having to unload and reload their purchases at a customer checkout point.